Money Matters - Japan

Think it is a good idea for us to check whether our ATM cards work in Japan. Also, change some travellers cheques in case.

Some info from Lonelyplanet.com

Money Changing in Japan

You can change cash or travellers cheques at an 'Authorised Foreign Exchange Bank' or at major post offices and some of the large hotels and stores but few other places. US dollars are preferred; trying to exchange Taiwanese or Korean currency is a fruitless task. The majority of ATMs do not accept foreign-issued bank cards, although post office ATMs are an exception. Look out for the Cirrus or Plus logos.

In order to use international ATMs, ensure the following at home before leaving for Japan:

• Make sure that your credit or debit card can be used abroad.
• Inquire what fees and daily and/or monthly limits are associated with international withdrawals.
• Remember your card's secret 4-digit PIN.
• Notify your bank that you are going to use your card overseas, since many banks will block a card which is suddenly used abroad, suspecting a fraud.

• Sample Price Guide (1 Sing Dollar = 76.9 yen)
  

  litre of milk

  190 (SGD$2.50)
  

  12 eggs

  300 (SGD$3.90)
  

  cheap bowl of noodles

  400 (SGD$$5.20)
  

  average temple/museum admission

  500 (SGD$6.50)
  

  simple restaurant meal

  1000 (SGD$13)
  

  youth hostel accommodation

  2800 (SGD$36.4)
  

  internet per hour

  500 (S$6.50)
  

  
  

• Average Room Prices
  Low range
  ¥2800-3850 (Average $50/night)
  Average Meal Prices
  Low range
  ¥550-880 (Average S$10)